Andres Calderon Acquires Multifamily Asset From Akiva Gelb For $2.1M In Hollywood
SOLD
$2,100,000
Florida
See Similar DealsMultiFamily5,058 SF
Sold 12/18/2025
SOLD
Andres Calderon Acquires Multifamily Asset From Akiva Gelb For $2.1M In Hollywood
1621 Van Buren Street
See Similar DealsMultiFamily5,058 SF
Sold 12/18/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$415
Total Square Footage:5,058 SF
Transaction Type:Sale
The property asset involved in the transaction is a multifamily building located at 1621 Van Buren Street, Hollywood, with a sale price of $2,100,000. The asset comprises 11 units, totaling 5,058 square feet, resulting in a price per unit of $190,909 and a price per square foot of $415.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Units: 11
- Square Footage: 5,058
- Price Per Unit: $190,909
- Price Per Square Foot: $415
- Buyer: Andres Calderon
- Seller: Akiva Gelb
- Broker: Elior Levi - Fausto Commercial Realty Consultants
The deal was executed with Andres Calderon as the buyer and Akiva Gelb as the seller. Elior Levi from Fausto Commercial Realty Consultants represented the broker in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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